⇑ HIVE Coin Continues to Ascend: Set to Double Bitcoin Mining Output as it Boldly Explores AI
HIVE Coin is making substantial strides in the cryptocurrency sector as it plans to significantly increase its Bitcoin mining capabilities. It...
HIVE has seen significant momentum with predictions that its Bitcoin mining output will double in the near future. Its digital capacity crossed 10 EH/s in May and aims to more than double that by the end of the year. In addition to mining, it is also focusing on the promising field of Artificial Intelligence (AI). The company is expanding into AI data centers and recently secured a $30 million Nvidia GPU Deployment in Quebec.
Highlighting the growing trend towards renewable energy in cryptocurrency, HIVE has started mining Bitcoin in Paraguay utilizing renewable energy sources. HIVE's Paraguay site, acquired from Bitfarms, will scale up operations by 400%, targeting 2% of global Bitcoin mining. A partnership with Powerhive seeks to create the world's first blockchain-powered mobility financing platform.
Furthermore, there have been beneficial financial results such as HIVE’s $29.2M Revenue and Bitcoin Holdings of over $260M. There are also bold plans to quadruple its Bitcoin mining capacity by late 2025 and achieve 4x Hashrate Growth & $100M HPC Revenue. The company's stock has been recognized as among the best Bitcoin-centric stocks to buy.
In a move signaling a supportive regulatory climate, HIVE relocated its HQ to Texas. However, its chairman has voiced opinion that the US's crypto regulation needs AI. Even in light of a market slump, Hive AI has surged, transforming on-chain AI agents. Hive (HIVE), Hive Dollar (HBD) is set to launch its VSC Mainnet on 31 Mar 2025.
HIVE Coin News Analytics from Thu, 28 Feb 2019 08:00:00 GMT to Tue, 10 Jun 2025 18:11:13 GMT - Rating 8 - Innovation 7 - Information 8 - Rumor 6
